We publish the latest update togold price Today, Friday, in the Egyptian market, amid momentary changes in the price of the yellow metal, and a gram of gold was recorded 21 caliberIt is the best-selling in Egypt- 1875 pounds at the time of writing these lines, and in the following lines we monitor the latest developments in the prices of the precious metal.
Gold prices today
18 karat recorded 1607 pounds.
21 karat, a record of 1875 pounds.
And 24 karat recorded 2143 pounds.
The gold pound is 15,000 pounds.
Gold prices fell globally by nearly 1% yesterday, Thursday, December 15, following Jerome Powell, Chairman of the Federal Reserve, said that next year will witness more interest rate hikes. Months recorded on Tuesday, and US gold futures fell 0.9%, recording $1,802.10.
Jerome Powell, head of the Federal Reserve, said yesterday, Wednesday, that the US central bank will adopt more interest rate hikes next year, even though the US economy is sliding towards a possible recession, and he justified this by the fact that the economy will incur a higher price if the central bank does not curb inflation strongly.
Gold is known as a hedge once morest inflation, but high interest rates tend to weaken its attractiveness because it increases the opportunity cost of holding non-returnable metal, and the dollar index rose 0.1%, and an increase in the dollar makes gold more expensive for buyers from abroad.
As for other precious metals, silver fell 2.7% to $23.24 an ounce, platinum fell 1.1% to $1017.25, while palladium fell 0.7% to $1903.18.
